Barrick Gold Q4 Earnings Preview

On Wednesday, Barrick Gold ABX will release its latest earnings report. Check out Benzinga's report to understand the report's implications.

Earnings and Revenue

Analysts predict Barrick Gold will report earnings of 21 cents per share on revenue of $2.25 billion.

Barrick Gold reported a profit of 22 cents per share when it published results during the same quarter last year. Sales in that period totaled $2.31 billion. Analyst estimates would represent a 4.55 percent decrease in the company's earnings. Revenue would have fallen 2.98 percent from the same quarter last year.

Barrick Gold's reported EPS has stacked up against analyst estimates in the past like this:

Q4 EPS Estimate: 21 cents per share
Q4 Revenues Estimate: $2.25 billion

Stock Performance

Over the last 52-week period, shares are down -31.97 percent. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. The most common rating from analysts on Barrick Gold stock is a Neutral. The strength of this rating has maintained conviction over the past three months.